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December 28 2022
November injected much needed relief into markets as volatility settled and major indices continued to move up their ascending channels for most of the month before meeting resistance at the very end. The MSCI Europe Real Estate Index (price return 7.75%) outperformed the MSCI US REIT index (price return 5.76%) in USD terms by ~2%. The GPR 250 REIT World index produced a price return of 5.72%.